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" No such discount or advance, however, should be granted at a rate of interest less than 10 per cent., and her Majesty's Government reserve it to themselves to recommend, if they should see fit, the imposition of a higher rate. After deduction by the bank... "
Banks' Cash Reserves: Threadneedle Street; a Reply to "Lombard Street" (by ... - Page 145
by Arthur Stanley Cobb - 1891 - 179 pages
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A Treatise on Coins, Currency, and Banking: With Observations on ..., Volume 1

Henry Nicholas Sealy - Banks and banking - 1858 - 690 pages
...sanction. No such discount or advance, however, should be granted at a rate of interest less than ten per cent., and Her Majesty's Government reserve it...profits of these advances will accrue to the public." In the late debate on the laws affecting " currency and banking " on the 31st July, of which the followin...
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Annals of British Legislation: Digest of blue books, Volume 3

Leone Levi - 1866 - 574 pages
...to Parliament for its sanction. " No such discount or advance, however, should be granted at a rate of interest less than 10 per cent., and her Majesty's...profits of these advances will accrue to the public." Upon which the following resolution was passed at a court of directors at the Bant on Saturday, the...
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Fraser's Magazine for Town and Country, Volume 74

James Anthony Froude, John Tulloch - Authors - 1866 - 860 pages
...should be granted at a rate of interest less than io per cent., and Her Majesty's Government reserve to themselves to recommend if they should see fit, the imposition of a higher rate.' As we have already pointed out, the Bank directors never availed themselves of the full license accorded...
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Eclectic Magazine: Foreign Literature, Volume 4; Volume 67

John Holmes Agnew, Walter Hilliard Bidwell - 1866 - 818 pages
...should be granted at a rate of interest less than ten per cent., and her Majesty's Government reserve to themselves to recommend, if they should see fit, the imposition of a higher rate." As we have already pointed out, the Bank directors never availed themselves of the full license accorded...
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The Annual Register

Edmund Burke - History - 1867 - 732 pages
...to Parliament for its sanction. "No such discount or advance, however, should be granted at a rate of interest less than 10 per cent., and Her Majesty's...profits of these advances will accrue to the public. " We have the honour to be, " Gentlemen, " Your obedient servants, " RUSSELL. " WE GLADSTONE. " Downing-street,...
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The Annual Register, Volume 108

Edmund Burke - Books - 1867 - 736 pages
...to Parliament for its sanction. "No such discount or advance, however, should be granted at a rate of interest less than 10 per cent., and Her Majesty's...profits of these advances will accrue to the public. " We have the honour to be, " Gentlemen, " Your obedient servants, " RUSSELL. " WE GLADSTONE. " Downing-street,...
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The principles and practice of banking

James William Gilbart - 1871 - 678 pages
...occurrence, and in that event they will not fail to make application to Parliament for its sanction. rate. After deduction by the bank of whatever it may...profits of these advances will accrue to the public. " We have the honour to be, gentlemen, " Your obedient Servants, " (Signed) RUSSELL. "(Signed) WE GLADSTONE."...
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History of British Commerce and of the Economic Progress of the British ...

Leone Levi - England - 1872 - 642 pages
...application to Parliament for its sanction. No such discount or advance, however, should be granted at a rate of interest less than 10 per cent., and Her Majesty's...profits of these advances will accrue to the public. We have the honour to be, Gentlemen, Your obedient Servants, RUSSELL. WE GLADSTONE. To the Governor...
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The Principles and Practice of Banking, Volume 1

James William Gilbart - Banks and banking - 1873 - 656 pages
...to Parliament for its sanction. " No such discount or advance, however, should be granted at a rate of interest less than 10 per cent., and her Majesty's...profits of these advances will accrue to the public. " We have the honour to be, gentlemen, " Your obedient Servants, " (Signed) RUSSELL. " (Signed) WE...
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The history, principles and practice of banking, revised by A.S ..., Volume 1

James William Gilbart - 1882 - 510 pages
...to Parliament for its sanction. " No such discount or advance, however, should be granted at a rate of interest less than 10 per cent., and her Majesty's...profits of these advances will accrue to the public. " We have the honour to be, gentlemen, " Your obedient Servants, (Signed) " RUSSELL. (Signed) " WE...
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